India: Job security concerns rise in June

The Indian economy may be on the road to recovery but employment outlook remains weak, with as many as 52 per cent of those surveyed last month pointing that there has been decrease in job security against 48 per cent in May, research firm Boston Analytics said.

"The job market in India has been sending some mixed signals in recent months. Sentiment related to job security on an observed basis has fallen again in the last month, reaching its lowest level since August 2008," according to Boston Analytics' monthly Consumer Confidence Survey.

"In the June survey, approximately 52 per cent of surveyed respondents observed (compared to 12 months ago) a decrease in job security compared to 48 per cent in the May survey," it said.

Export-oriented sectors such as gems, jewellery, textiles and leather have seen large scale layoffs triggered by the global economic downturn.